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Composition scheme (Query)
If a composition dealer sells a used car to a registered dealer or an un registered dealer, at what rate he should levy GST ??
Replies (5)
He cannot levy GST
The assessble value shall be calculated based on Notification 8/2018 CT(R)... tax payable @ 1%
As per notification if any input is claim at the of purchase vehicle then gst is levy on transaction value of sale,
else on difference of sale minus purchase on marign (profit)
The assessble value shall be calculated based on Notification 8/2018 CT(R)... tax payable @ 1%
As per notification if any input is claim at the of purchase vehicle then gst is levy on transaction value of sale,
else on difference of sale minus purchase on marign (profit)
Ok, Thankyou sir !!!
hello sir if you dont mind than what is the notification no.???? @ pankaj rawat
1. NOTIFICATION 37 CT (RATE) , DT.13/10/2017 : IF VEHICHEL PURCHASE IN VAT REGIME & SOLD IN GST REGIME, GST WILL BE ON 65% OF TRANSACTION VALUE
2. NOTIFICATON 8/2018 CT (RATE) : AS EXPLAIND ABOVE
notification no.8/2018 central tax(rate) dt.25/01/2018 will be applicable to him
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